Walmart recorded a strong increase in sales during the Covid crisis, but unfortunately, it was unable to convert this growth into profit. The American retailer also worries about a meagre 2021, when the Covid measures are expected to phase out.
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This year, food retailers are bringing the out-of-home experience into homes, making e-commerce profitable, and helping customers to be healthier. At least that is what research firm IGD predicts for 2021.
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Asda has opened its new, sustainable test store and proposed a new plastics reduction strategy. In addition, the UK supermarket chain is promising that customers will never pay more for the greener options.
The acquisition of Asda by service station group EG and investor TDR Capital is a fact. Owner Walmart will receive 6.8 billion pounds (7.5 billion euros) for the British supermarket group.
British supermarket chain Asda may come into the hands of petrol station operator EG Group. With the support of investor TDR Capital, the acquisition candidate will offer 6.5 billion pounds for the third largest food retailer in the United Kingdom.
Asda will soon be in the hands of private investors. The British supermarket chain has entered the final bidding round, and Apollo, Lone Star and TDR are the last acquisition candidates in the running.
Walmart has resumed its attempts to sell its British subsidiary Asda, which it had paused because of the coronavirus crisis. The American retail giant says however that a positive result is not guaranteed.
The Covid-19 pandemic increases the demand for contactless shopping and for self-scanning. That is why British supermarket chain Asda is rolling out its mobile self-scanning system 'Scan & Go Mobile' to all its 581 stores.
Walmart will move forward with the planned sale of its British subsidiary Asda. Three investment companies are said to be interested in the supermarket chain.
Morrisons announces a major restructuring in which 3,000 management jobs will disappear. At the same time, the British supermarket chain wants to create 7,000 new jobs "on the shop floor".
Walmart subsidiary Asda will roll out a pickup service in the UK within an hour of ordering and set up a test with Kellogg’s and Unilever.
The four largest supermarket chains in the United Kingdom have lost a part of their market share in the last few months - again. The main winners are discounters Lidl and Aldi... and Ocado.
There will be no merger of Asda and Sainsbury’s, after the Competition and Markets Authority vetoed the move. The chains will not appeal, so the merger is definitively off the cards.
Sainsbury’s and Asda, two British supermarket chains hoping for a merger, have promised to lower their prices and limit their margins if that makes their partnership possible. This is their response to the competition watchdog's opposition to the deal.
American investment firm KKR is considering making a bid on Walmart's British subsidiary Asda, now that the merger between Asda and Sainsbury's is beginning to look very unlikely.
If the British competition watchdog blocks the proposed merger between Walmart's subsidiary ASDA and Sainsbury’s, an investment fund could offer a way out.